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CANEX Samples 8.47 g/t Gold over 5.6 Metres Including 28.1 g/t Gold over 1 Metre at the Gold Range Property, Arizona
CALGARY, AB / ACCESSWIRE / August 20, 2019 / CANEX Metals Inc. (TSXV:CANX) (“CANEX&#x...
About this update from Canex Metals Inc
[{"type":"text","content":"CANEX Samples 8.47 g/t Gold over 5.6 Metres Including 28.1 g/t Gold over 1 Metre at the Gold Range Property, ArizonaCALGARY, AB / ACCESSWIRE / August 20, 2019 / CANEX Metals Inc. (TSXV:CANX) (“CANEX” or the “Company”) is pleased to announce its latest high grade gold surface sampling results from the Gold Range property, Arizona.Early stage exploration work at Gold Range has identified gold bearing quartz veins within an area 1300 metres by 500 metres with multiple zones emerging as exploration targets. The most advanced target to date is the Adit Shear Zone, a shear zone hosted quartz vein system that has been traced intermittently for over 1 kilometre of strike length and includes 2 adits referred to as the Adit Zone, along with several small surface workings and 2 inclined shafts. The historic workings presumably date from the 1880’s. Recent chip sampling of a quartz vein at the Upper Adit within the Adit Zone has returned 8.47 g/t gold over 5.6 metres, including a higher-grade section at the east margin of the vein returning 28.1 g/t Au over 1 metre. Sampling at the Lower Adit has returned 26.5 g/t gold over 0.2 metres from the margin of a 1 metre wide quartz vein. Limited exposures between the Upper and Lower Adits have returned results including 6.82 g/t gold over 1 metre and 6.20 g/t gold over 1 metre confirming the continuity of mineralization between the 2 adits. At the Adit Zone gold grades appear to be highest along the margins of the quartz veins, and at the Upper Adit the intersection of 2 mineralized structures appears to be a controlling factor for increased width and grade in the system. Photographs from the Adit Zone showing sample locations and mineralization are available here.Where exposed, the Adit Shear Zone contains quartz veining occurring over widths from 1 to over 30 metres. At the northwest end of the zone a grab sample of dump material beside an inclined shaft returned 14.87 g/t gold. A grab sample from another inclined shaft located 1 kilometre to the southeast along the same structure returned 3.17 g/t gold, suggesting a significant and persistent mineralized structure. A corporate presentation showing additional details of the Gold Range property is available here.Dr. Shane Ebert, President of the Company stated, “To date the Gold Range Property has exceede...